The compound interest on ₹ 40,000 at 12% per annum compounded quarterly for 6 months is :

CA Foundation · Quantitative Aptitude · PYQS · September 2024
The compound interest on ₹ 40,000 at 12% per annum compounded quarterly for 6 months is :
(A) A. ₹ 2,463
(B) B. ₹ 2,643
(C) C. ₹ 2,364
(D) D. ₹ 2,436

Suggested Answer and Working Notes:

Correct Answer: Option (D)

D. ₹ 2,436

Topics: Part-A: Business Mathematics

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